Community Management Platform Targets 10 Million Homes with Fresh Investment from Dharana Capital

Bengaluru-based community management and security platform Mygate has secured ₹225 crore (approximately $26 million) in fresh funding from Dharana Capital to accelerate its expansion across residential communities in India and international markets. The investment will help the company strengthen its technology platform while increasing its reach from 5.7 million homes to 10 million homes in the coming years.

The latest funding marks Mygate’s first major capital raise in more than three years and reflects growing investor confidence in India’s rapidly expanding proptech and smart community management sector.

Funding to Drive Growth and Technology Innovation

Founded in 2016 by Abhishek Kumar, Shreyans Daga, and Vijay Arisetty, Mygate offers an app-based platform that simplifies residential community management by enabling visitor access control, security management, digital payments, amenity bookings, and resident communication through a single interface.

The company plans to utilize the fresh capital to accelerate sign-ups across gated communities, improve its product offerings, and invest further in advanced technology solutions. Mygate is also preparing to expand into international markets, particularly the Middle East, where demand for smart residential management platforms continues to grow.

As part of the investment, Dharana Capital has acquired a 12% to 14% stake in the company through a combination of primary capital infusion and secondary share purchases.

Strong Financial Performance and Market Presence

Mygate currently serves over 27,000 residential communities and 5.7 million households across India, making it one of the country’s leading community management platforms.

The company generates revenue primarily through its Software-as-a-Service (SaaS) subscription model, where housing societies pay annual or multi-year subscription fees for access to its digital management tools. It also earns revenue through brand engagement and advertising solutions for consumer brands.

In FY25, Mygate reported operating revenue of ₹173.5 crore, compared to ₹96.2 crore in FY24, while significantly reducing its net losses. For FY26, the company reported ₹232 crore in revenue along with an EBITDA margin of 10% to 12%, showcasing strong operational improvements.

Ambitious Expansion Plans Ahead

CEO Abhishek Kumar stated that the company aims to rapidly scale its user base to 10 million homes while targeting 37% year-on-year operating revenue growth in FY27. Mygate also expects to achieve profit-after-tax positivity as it continues expanding its digital ecosystem.

With strong financial backing and ambitious growth plans, Mygate is positioning itself as a leading smart community management platform driving the future of residential living in India and beyond.

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